Securitize Poised to Raise About $400 Million Ahead of July 2 NYSE Debut

Securitize, a platform for tokenized real-world assets, is poised to raise about $400 million through its public listing via a merger with a special purpose acquisition company.

Cointelegraph reported on June 27 that fewer than 30% of existing shareholders chose to redeem their shares after the final redemption results for Cantor Equity Partners II, or CEPT, the SPAC taking Securitize public.

As a result, Securitize expects to secure about $400 million in total proceeds, including private investment in public equity, or PIPE, funding. The figure excludes deal-related costs.

The merger between Securitize and CEPT is set to be approved at a shareholder meeting on June 29 and completed on July 1. Securitize will begin trading on the New York Stock Exchange on July 2 under the ticker SECZ.

Carlos Domingo, Securitize's co-founder and chief executive officer, called the public listing an important milestone that highlights the tokenized securities market's growth momentum. Eight years ago, adoption of tokenized securities by major financial institutions was still close to theoretical, he said. Tokenization is now entering mainstream financial markets.